Winlin
ActiveSummary
Winlin has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,604 and a net result of -€5,552. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-8
Solvency38=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.53 in 2024; short-term debt: 43.9% and cash: 1.3% of total assets), and 86.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.2%
Return on assets
-1.5%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€5,552
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
292 d late
2023
on the day
2022
28 d early
2021
87 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€49,604▼ 10.1%
2024 · €55,157
Total assets
€374,631▼ 8.5%
2024 · €409,389
Net result
-€5,552▼ 486%
2024 · -€948
Working capital
€80,711▼ 9.3%
2024 · €89,002
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,675▼ 68.8%€29,808▲ 347%-€12,283€4,773€5,180▲ 8.5%
Net result-€4,024€10,741-€22,663-€948▲ 95.8%-€5,552▼ 486%
Equity€68,027▼ 5.6%€78,768▲ 15.8%€56,104▼ 28.8%€55,157▼ 1.7%€49,604▼ 10.1%
Total assets€454,305▲ 37.5%€455,084▲ 0.2%€392,315▼ 13.8%€409,389▲ 4.4%€374,631▼ 8.5%
Debt€386,279▲ 49.5%€376,316▼ 2.6%€336,210▼ 10.7%€354,232▲ 5.4%€325,026▼ 8.2%
Working capital€111,856▲ 12.5%€111,681▼ 0.2%€90,325▼ 19.1%€89,002▼ 1.5%€80,711▼ 9.3%
Staff (FTE)1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374,631
Fixed assets
€129,308 ▼ 15.6%
Current assets
€245,322 ▼ 4.3%
Equity and liabilities €374,631
Equity
€49,604 ▼ 10.1%
Debt
€325,026 ▼ 8.2%
Debt's share of the balance-sheet total rises from 86.5% to 86.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€30,732▲
2024 · €30,195
Cash flow
€20,000▼
2024 · €24,474
Current ratio
1.49▼
2024 · 1.53
Quick ratio
1.40▼
2024 · 1.41
Debt to equity
6.55▲
2024 · 6.42
ROE
-11.2%▼
2024 · -1.7%
ROA
-1.5%▼
2024 · -0.2%
Interest coverage
2.86▼
2024 · 3.63
Debt ≤ 1 year
€164,611▼
2024 · €167,249
Debt > 1 year
€160,415▼
2024 · €186,983
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4,302 | - |
| Remuneration, social security and pensions62 | - | €51,620 | €56,110 | €53,310 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,471 | €29,559 | €30,123 | €25,422 | €25,553 | ▲ 0.5% |
| Other operating charges640/8 | - | €1,706 | €1,155 | €987 | €1,899 | ▲ 92.4% |
| Gross operating margin9900 | €104,115 | €112,692 | €75,105 | €84,492 | €32,632 | ▼ 61.4% |
| Operating profit (loss)9901 | €6,675 | €29,808 | -€12,283 | €4,773 | €5,180 | ▲ 8.5% |
| Financial income75/76B | - | - | €1,121 | €2,593 | - | - |
| Recurring financial income75 | €642 | - | €1,121 | €2,593 | - | - |
| Non-recurring financial income76B | - | - | - | €2,593 | - | - |
| Financial charges65/66B | - | €13,778 | €11,427 | €8,314 | €10,732 | ▲ 29.1% |
| Recurring financial charges65 | €11,208 | €13,695 | €11,427 | €8,314 | €10,732 | ▲ 29.1% |
| Non-recurring financial charges66B | - | €83 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€3,891 | €16,030 | -€22,589 | -€948 | -€5,552 | ▼ 486% |
| Income taxes67/77 | €133 | €5,288 | €75 | - | - | - |
| Profit (loss) for the period9904 | -€4,024 | €10,741 | -€22,663 | -€948 | -€5,552 | ▼ 486% |
| Profit (loss) for the period to be appropriated9905 | -€4,024 | €10,741 | -€22,663 | -€948 | -€5,552 | ▼ 486% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454,305 | €455,084 | €392,315 | €409,389 | €374,631 | ▼ 8.5% |
| Fixed assets21/28 | €235,193 | €206,638 | €178,560 | €153,138 | €129,308 | ▼ 15.6% |
| Intangible fixed assets21 | €103,013 | €90,992 | €78,972 | €66,952 | €54,932 | ▼ 18.0% |
| Tangible fixed assets22/27 | €132,181 | €115,645 | €99,587 | €86,186 | €74,376 | ▼ 13.7% |
| Land and buildings22 | - | €81,372 | €77,756 | €72,159 | €67,553 | ▼ 6.4% |
| Plant, machinery and equipment23 | - | €30,152 | €18,627 | €12,249 | €5,093 | ▼ 58.4% |
| Furniture and vehicles24 | - | €4,121 | €3,204 | €1,778 | €1,730 | ▼ 2.7% |
| Current assets29/58 | €219,112 | €248,446 | €213,755 | €256,251 | €245,322 | ▼ 4.3% |
| Stocks and contracts in progress3 | €20,692 | €31,871 | €27,493 | €20,493 | €15,493 | ▼ 24.4% |
| Stocks30/36 | - | €31,871 | €27,493 | €20,493 | €15,493 | ▼ 24.4% |
| Amounts receivable within one year40/41 | €157,266 | €175,597 | €163,048 | €201,993 | €221,891 | ▲ 9.9% |
| Trade receivables40 | - | €170,728 | €154,026 | €197,126 | €203,750 | ▲ 3.4% |
| Other amounts receivable41 | - | €4,870 | €9,021 | €4,867 | €18,140 | ▲ 273% |
| Cash at bank and in hand54/58 | €41,153 | €40,978 | €20,049 | €30,600 | €4,774 | ▼ 84.4% |
| Deferred charges and accrued income490/1 | - | - | €3,165 | €3,165 | €3,165 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454,305 | €455,084 | €392,315 | €409,389 | €374,631 | ▼ 8.5% |
| Equity10/15 | €68,027 | €78,768 | €56,104 | €55,157 | €49,604 | ▼ 10.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €49,427 | €60,168 | €37,504 | €36,557 | €31,004 | ▼ 15.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €58,308 | €35,644 | €34,697 | €29,144 | ▼ 16.0% |
| Profit (loss) carried forward14 | €35,104 | - | - | - | - | - |
| Amounts payable17/49 | €386,279 | €376,316 | €336,210 | €354,232 | €325,026 | ▼ 8.2% |
| Amounts payable after more than one year17 | €279,023 | €239,551 | €212,781 | €186,983 | €160,415 | ▼ 14.2% |
| Financial debts170/4 | - | €239,551 | €212,781 | €186,983 | €160,415 | ▼ 14.2% |
| Amounts payable within one year42/48 | €107,256 | €136,765 | €123,429 | €167,249 | €164,611 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €26,966 | €26,526 | €25,797 | €26,568 | ▲ 3.0% |
| Trade debts44 | €45,013 | €47,430 | €34,743 | €90,065 | - | - |
| Suppliers440/4 | - | €47,430 | €34,743 | €90,065 | - | - |
| Advances received on contracts in progress46 | - | €8,000 | €8,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €30,600 | €32,181 | €38,252 | €37,068 | ▼ 3.1% |
| Taxes450/3 | - | €1,152 | €478 | - | €20,614 | - |
| Remuneration and social security454/9 | - | €29,448 | €31,703 | €38,252 | €16,455 | ▼ 57.0% |
| Other amounts payable47/48 | - | €23,769 | €21,979 | €13,134 | €100,975 | ▲ 669% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,024 | €10,741 | -€22,663 | -€948 | -€5,552 | ▼ 486% |
| + Depreciation and write-downs630 | €25,471 | €29,559 | €30,123 | €25,422 | €25,553 | ▲ 0.5% |
| Operating cash flow (approximation) | €21,447 | €40,300 | €7,460 | €24,474 | €20,000 | ▼ 18.3% |
| Investment in fixed assets (approximation) | - | -€1,003 | -€2,045 | €0 | -€1,723 | - |
| Change in cash | - | -€176 | -€20,928 | €10,551 | -€25,826 | ▼ 345% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 292 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€22,663
Net result drops to -€22,663, the lowest in the series; recovery starts the following year.
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €10,741
Net result €10,741 after one loss-making year.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Rumst · 1 establishment unit since 2005
Ground area
100 m²
Building footprint
100 m²
Volume, LiDAR
614 m³
Parcel 11045A0193/00V008, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BrightNOW
since 20052.148.234.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11045A0193/00V008 | Flanders | 100 m² | 1 · 100 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 986 EUR awarded · 986 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 986 EUR | 986 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 38,172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-06-2005
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
62100Computer programming
Contact
E-mail
info@winlin.beRumst
Phone
034513430Rumst
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874544674
Registered
12-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.